PPF or Public Provident Fund scheme is designed to provide pension scheme benefits to investors. You can invest in PPF to save tax under section 80C of Income Tax Act, 1961. PPF and EPF calculator helps you to calculate money you will receive at time of your retirement.
You can use this calculator to calculate total interest income and maturity amount. Use this calculator to forecast future benefits you will get by investing in PPF or EPF.
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Public Provident Fund or PPF and Employee Provident Fund are 2 schemes introduced by government to help people save for retirement.
PPF and EPF are both different schemes and target investors are also different. Though both generates similar returns but their are differences between PPF and EPF.
PPF is aimed at general public whereas EPF is for employees. Anyone can invest in PPF but in EPF, only people with job at a Provident Fund registered organisation can apply.
Yearly investment under PPF and EPF are capped at Rs. 1,50,000. However under EPF even employer has to deposit money equal to deposited by Employee. So maximum deposit can be upto Rs. 3,00,000.
Interest rate in EPF is higher compared to PPF. For example, current Interest on EPF is 8.5% whereas Interest rate on PPF is 7.1%.
EPF is more liquid compared to PPF. Under PPF you can withdraw funds only after 5 years of starting the investment. However, under EPF if you are unemployed for a year, you can withdraw upto 75% of deposit.
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